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517 W BAY AVE Newport Beach, CA 92661
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Key Details
Sold Price $2,630,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP21076914
Sold Date 08/04/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1971
Lot Size 2,613 Sqft
Property Description
Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Ensuite Laundry Inside, See Remarks
Interior
Interior Features Balcony
Laundry Location Inside,See Remarks
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Tile, Wood
Fireplaces Type Gas Starter, Living Room, See Remarks
Fireplace Yes
Laundry Inside, See Remarks
Exterior
Garage Direct Access, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Parking Type Direct Access, Garage
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 04807112
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with ELIZABETH DURAN • EXCELLENCE EMPIRE REAL ESTATE
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